<PAGE> PAGE 1
000 A000000 12/31/95
000 C000000 0000723209
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 BANDO MCGLOCKLIN CAPITAL CORPORATION
001 B000000 811-3787
001 C000000 4147849010
002 A000000 13555 BISHOPS COURT, SUITE 205
002 B000000 BROOKFIELD
002 C000000 WI
002 D010000 53005
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
012 A000001 FIRSTAR TRUST COMPANY
012 B000001 85-410
012 C010001 MILWAUKEE
012 C020001 WI
012 C030001 53201
012 C040001 2077
013 A000001 PRICE WATERHOUSE
013 B010001 MILWAUKEE
013 B020001 WI
013 B030001 53202
015 A000001 FIRSTAR TRUST COMPANY
015 B000001 C
015 C010001 MILWAUKEE
015 C020001 WI
015 C030001 53201
015 C040001 2077
015 E010001 X
018 000000 Y
019 A000000 N
<PAGE> PAGE 2
019 B000000 0
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 C000001 0
022 D000001 0
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 0
023 D000000 0
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
<PAGE> PAGE 3
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 N
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
<PAGE> PAGE 4
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
055 A000000 N
055 B000000 Y
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 1.4
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 92.3
062 R000000 0.3
063 A000000 0
063 B000000 5.2
064 A000000 Y
064 B000000 Y
065 000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
<PAGE> PAGE 5
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 35485
071 B000000 34154
071 C000000 82539
071 D000000 41
072 A000000 6
072 B000000 4622
072 C000000 0
072 D000000 0
072 E000000 135
072 F000000 0
072 G000000 0
072 H000000 541
072 I000000 0
072 J000000 4
<PAGE> PAGE 6
072 K000000 0
072 L000000 0
072 M000000 21
072 N000000 0
072 O000000 0
072 P000000 2134
072 Q000000 0
072 R000000 36
072 S000000 29
072 T000000 33
072 U000000 27
072 V000000 0
072 W000000 180
072 X000000 3005
072 Y000000 0
072 Z000000 1752
072AA000000 0
072BB000000 0
072CC010000 68
072CC020000 0
072DD010000 2792
072DD020000 0
072EE000000 0
073 A010000 0.7200
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 996
074 B000000 0
074 C000000 1197
074 D000000 77861
074 E000000 1860
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 1104
074 J000000 1978
074 K000000 0
074 L000000 1249
074 M000000 2208
074 N000000 88453
074 O000000 0
074 P000000 0
074 Q000000 26287
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 24689
074 S000000 16908
074 T000000 20569
074 U010000 3815
<PAGE> PAGE 7
074 U020000 0
074 V010000 0.00
074 V020000 5.39
074 W000000 0.0000
074 X000000 7
074 Y000000 0
075 A000000 0
075 B000000 21531
076 000000 13.00
077 A000000 N
078 000000 Y
079 010001 811-7526
079 020001 BANDO MCGLOCKLIN SMALL BUSINESS INVESTMENT
079 010002 811-8566
079 020002 BANDO MCGLOCKLIN SMALL BUSINESS LENDING CORP
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 16
086 A020000 111
086 B010000 99
086 B020000 1234
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON STOCK
087 A020000 060003100
087 A030000 BMCC
087 B010000 PREFERRED STOCK
087 B020000 060003209
087 B030000 BMCCP
088 A000000 Y
088 D000000 Y
SIGNATURE GEORGE R. SCHONATH
TITLE CHIEF EXEC. OFFICER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF BANDO MCGLOCKLIN AS OF AND FOR THE PERIOD
ENDED DECEMBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 86,330
<INVESTMENTS-AT-VALUE> 84,000
<RECEIVABLES> 1,249
<ASSETS-OTHER> 2,208
<OTHER-ITEMS-ASSETS> 996
<TOTAL-ASSETS> 88,453
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 26,287
<OTHER-ITEMS-LIABILITIES> 24,689
<TOTAL-LIABILITIES> 50,976
<SENIOR-EQUITY> 16,908
<PAID-IN-CAPITAL-COMMON> 22,497
<SHARES-COMMON-STOCK> 3,815
<SHARES-COMMON-PRIOR> 3,898
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (200)
<ACCUMULATED-NET-GAINS> (2,032)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 304
<NET-ASSETS> 20,569
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,622
<OTHER-INCOME> 135
<EXPENSES-NET> 3,005
<NET-INVESTMENT-INCOME> 1,752
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 68
<NET-CHANGE-FROM-OPS> 1,820
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,792
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16
<NUMBER-OF-SHARES-REDEEMED> 99
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (83)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 76
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 2,134
<GROSS-EXPENSE> 3,005
<AVERAGE-NET-ASSETS> 21,531
<PER-SHARE-NAV-BEGIN> 5.58
<PER-SHARE-NII> 0.45
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.48
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> (0.17)
<PER-SHARE-NAV-END> 5.39
<EXPENSE-RATIO> 27.69
<AVG-DEBT-OUTSTANDING> 49,021
<AVG-DEBT-PER-SHARE> 12.85
</TABLE>
